According to Adam Aron, Starwood’s interim CEO, the transaction followed the recent sales of two of the brand’s properties in The Luxury Collection–The Phoenician in Scottsdale, Az. and The Gritti Palace in Venice, Italy. The sale of Element Denver Park Meadows, though smaller in scale, is part of Starwood’s plans to achieve a stated goal of $800 million in hotel sales by the end of 2015.

The environmentally-friendly hotel is located at 9985 Park Meadows Drive in Lone Tree, Colo. Guests staying at the hotel have easy access to downtown Denver via the nearby RTD light rail line. Additionally, the property is conveniently situated in close proximity to Denver Tech Center, Coors Field, The Colorado Convention Center and Sports Authority Field at Mile High.

Amenities at the hotel include an indoor saline swimming pool, fitness center, 450 square feet of meeting space and an outdoor patio. “Green from the ground up,” the Element Denver Park Meadows features carpeting made with recycled content, low-VOC paint, open layouts and large windows that maximize natural light, as well as Energy Star-certified kitchen appliances.

Post-closing, the hotel will continue to be affiliated with Starwood, according to the news release. The Element by Westin brand currently operates 46 hotels worldwide and intends to double its portfolio over the next two years.